ProShare Advisors LLC Lowers Holdings in Uber Technologies, Inc. $UBER

ProShare Advisors LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 1.9% in the 3rd quarter, Holdings Channel reports. The fund owned 380,871 shares of the ride-sharing company’s stock after selling 7,383 shares during the period. ProShare Advisors LLC’s holdings in Uber Technologies were worth $37,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Brant Point Investment Management LLC purchased a new position in Uber Technologies in the second quarter valued at $933,000. Spirepoint Private Client LLC increased its stake in shares of Uber Technologies by 21.9% in the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock valued at $7,331,000 after purchasing an additional 13,454 shares in the last quarter. Econ Financial Services Corp acquired a new position in Uber Technologies in the 3rd quarter worth about $1,538,000. Transcendent Capital Group LLC purchased a new position in Uber Technologies during the third quarter worth approximately $1,859,000. Finally, Munro Partners acquired a new stake in Uber Technologies in the second quarter valued at approximately $96,294,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Citizens Jmp upgraded Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Wednesday, February 4th. The Goldman Sachs Group set a $125.00 target price on shares of Uber Technologies in a research report on Wednesday, February 4th. Cantor Fitzgerald reduced their price target on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, KeyCorp cut their price objective on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.89.

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Insiders Place Their Bets

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the sale, the insider directly owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,875 shares of company stock valued at $1,319,130 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.

More Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Trading Down 1.1%

UBER opened at $73.93 on Tuesday. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 6.32 and a beta of 1.21. The company’s 50 day simple moving average is $82.82 and its two-hundred day simple moving average is $89.58. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.15.

Uber Technologies (NYSE:UBERGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. During the same period in the prior year, the business posted $3.21 EPS. Uber Technologies’s revenue for the quarter was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Further Reading

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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